Heron Power Secures $60 Million Credit Facility and Adds Ex-Tesla CFO Zach Kirkhorn to Its Board

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    "url": "https://www.prnewswire.com/news-releases/heron-power-secures-60-million-credit-facility-and-adds-ex-tesla-cfo-zach-kirkhorn-to-its-board-302874549.html",
    "title": "Heron Power Secures $60 Million Credit Facility and Adds Ex-Tesla CFO Zach Kirkhorn to Its Board",
    "excerpt": "SCOTTS VALLEY, Calif. , Sept. 10, 2026 /PRNewswire/ -- Heron Power, an American advanced power electronics manufacturer, today announced a $60 million credit facility provided by J.P. Morgan and TriplePoint Capital, and the appointment of Zach Kirkhorn, former Chief Financial Officer of Tesla, to its board of directors. The facility follows the $140 million Series B Heron closed in February 2026, co-led by Andreessen Horowitz's American Dynamism Fund and Breakthrough Energy Ventures. Heron is converting a 286,000 square foot facility in Morgan Hill, California into Heron Factory One with mass production targeted to begin in late 2027. Heron has identified more than 40 gigawatts of customer interest in Heron Link, its 5 megawatt medium voltage power conversion system. Kirkhorn has backed Heron Power since its Series A in 2025 and has advised the company on financial and operational topics. He spent 13 years at Tesla and served as CFO through the company's first full year of profitability and its scale-up of vehicle and battery manufacturing across North America, Europe, and Asia. \"A strong balance sheet and bench of advisors is key as we move from engineering to scale\" said Drew Baglino, CEO and Founder of Heron Power. \"Our customers plan projects years in advance and need a dependable power conversion partner. By adding Zach to the board, we benefit from his hard-won wisdom...",
    "summary": "J.P. Morgan, along with TriplePoint Capital, provided a $60 million credit facility to Heron Power.",
    "location": "Scotts Valley, California, USA",
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    "published_at": "2026-09-10T11:00:00Z",
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    "article_sentence": "Heron Power, an American advanced power electronics manufacturer, today announced a $60 million credit facility provided by J.P. Morgan and TriplePoint Capital, and the appointment of Zach Kirkhorn, former Chief Financial Officer of Tesla, to its board of directors.",
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